two, it combined those tax increases not with spending cuts, which is what president obama campaigned on every day, but instead with spending increases. $330 billion in additional new spending. that just made the problem worse. it wasn't a serious response to the grave fiscal and economic problems facing this country. >> woodruff: i remember reading your father said that you weren't coming to washington to compromise. are you saying compromise is a bad thing in our system of government? >> well, no, not at all. in fact my view on compromise is exactly ronald reagan's view. president reagan said what do you do if they offer you half a loaf? answer, you take it. then you come back for more. i am very, very happy to compromise, to work with anybody, democrat, independent, libertarians. i've joked i'll work with martians, if they're willing to cut spending, to tackle the debt, to have fundamental tax reform, to have regulatory reform and pro growth policies. we've got to fix these problems. i think most americans are not interested in the political battles that happen here in the capital.